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2021-12-31-accounts

VISION STATEMENT
LEGAL OBJECTS, „3
STRATEGIC REPORT .
STRATEGICAIMS AND OBJECTIVES FOR THE YEAR.
ACTIVITIES AND ACHIEVEMENTS
IN THE YEAR...
FUTURE PLANS .„,
...7
FINANCIAL REVIEW. LB
PRINCIPAL RISKSAND UNCERTAINTIES. .. , 10
STRUCTURE, GOVERNANCE
AND MANAGEMENT. .
SUMMARY INFORMATION
ABOUT THE STRUCTURE OF THE CHURCH OF ENGLAND. ..,.
ORGANISA TIONAL STRUCTURE .. 12
DIRECTORS' RESPONSIBILITIES 14
STATEMFNT OF DISCLOSURE TO THE AUDITORS .. 15
APPOINTMENT
OFAUDITOR„		 15
ADMINISTRATIVE
DETAILS„,
ATTENDANCE
OF DIRECTORS AT MEETINGS IN 2021...		 .......17
INDEPENDENT AUDITOR'5 REPORT TO THE MEMBERS OF THE BLACI&BURN DIOCESAN BOARD OF FINANCE
LIMITED, „„„,
„ ,„,
. ..18
STATEMENT OF FINANCIAL ACTIVITIES.. ,.21
INCOME AND EXPENDITURE ACCOUNT. ,.22
BALANCE SHEET, „23
CASH FLOW STATEMENT „24
NOTES TO THE FINANCIAL STATEMENTS. , .,25

Registered Address Diocesan
Offices, Clayton		 House, Walker Office Park, Office Park, Blacl&burn Blacl&burn
BB12QE
Trustees/Directors
Ex-Officio Rt Revd JT Henderson
Rt Revd PJ North
Rt Revd J L C Duff
Veiy Revd P Howell-Jones
Ven M C Ireland
Ven D Picken
Ex-Officio elected position Mr R J Collins
Mr TDCox
Revd Canon
A Mcl-iaffie		 (resigned 31 December 2021)
Revd
M Wolverson		 (resigned 31 December 2021)
Ex-Officio appointed Mr D Barlow
Mr N P Aves
Revd Canon
A G Sage
Co-opted Mr DJ Wilkinson
Elected Clergy Revd Canon
A Holliday
Revd P A Lillicrap
Revd J Nash (resigned 31 December 2021)
Elected Lay Persons Mr G D Burrows (resigned 31 December 2021)
Dr A Carter
Professor R Carter
Canon
M L Chew		 (resigned 31 December 2021)
Mr M Gardner
Ms J M Stamper
Appointed after end of Revd Dr R BAechtner (appointed 01 January 2022)
year but prior to signing of Mrs Alison Wynne (appointed 01 January 2022)
the financial statements Revd Canon SCox (appointed 01 January 2022)
Revd Canon
A S Horsfall		 (appointed 01 January 2022)
Revd Munawar
Din		 (appointed 01 January 2022)
Mr PJ Ronson (appointed 01 January 2022)
Key management
personnel		 Key management
personnel		 and advisers
Diocesan Secretary, Canon G Pollard (resigned 31 December 2021)
Company Secretary
Head of Finance, Deputy Mrs R McGaughey
Diocesan Secretary
Solicitors Napthens
LLP, Darwen		 House, Walker Office Park, Blacl&burn BB1
2QE
Insurers Ecclesiastical
Insurance		 Office, Beaufort House, Brunswick Road,
Gloucester GL1 1JZ
Bankers National Westminster Bank, 35 King William St, Blackburn BB17DJ

The Bl ackbur ackbur n
Diocesan		 Boar&I of Finance Li mite d
Annual Reporl and Financial Sietements
For the ear ended 31 December 2021
Investment Managers COLA Investment Management Ltd, Senator House, 85 Queen
Victoria St, London EC4V 4ET
Registered Auditor Haysmacintyre LLP, 10Queen Street Place, London EC4R 1AG
Glebe and Land Agent Lea Hough 8 Co LLP, Phoenix Park, Blackburn BB15RW
Whalley Abbey Architect
Mr
I Wilson,
Ivan Wilson Architects
Clitheroe,
Lancashire
BB71LR		 Ltd, Waterloo Mill, Waterloo Rd,
TTEND AN CE OF DIRECTORS AT MEETINGS IN 2021
Total
Ex officio Mr N P Aves 5/5
Mr D Barlow 5/5
Mr R J Collins 5/5
Mr T D Cox 3/5
Rt Revd J L C Duff 5/5
Rt Revd J T I-lenderson 5/5
Very Revd P Howell-Jones 4/5
Ven M C Ireland 4/5
Rt Revd PJ North 4/5
Ven D Picken 5/5
Revd Canon
A G Sage		 5/5
Revd Canon
A McHaffie		 3/3 (resigned 31 December 2021)
Revd
M Wolverson		 4/4 (resigned 31 December 2021)
Co-opted Mr D J Wilkinson 5/5
Elected Clergy Revd Canon A Holliday 4/5
Revd P A Lillicrap 5/5
Revd James Nash 3/5 (resigned 31 December 2021)
Elected Lay Persons Mr G D Burrows 5/5
Dr A Carter 4/5
Professor R Carter 4/5
Canon
M L Chew		 0/5 (resigned 31 December 2021)
Mr Melvyn
Gardner		 5/5
Ms J M Stamper 5/5

or the year ended Sf December 2027
Total Total
Unreslricted funds funds funds
General De stg.
nated		 Restricted
funds		 Endowment
funds		 2021 2020
Note 5000 6000 5000 6000 6000 6000
Income and endowmonts from:
Donations
aml legacies
Parish contribuGons 7,469 7,II69 7,1GO
Archbishops'
Council and Church
commissioners		 G3 2,668 2,751 3,235
Other 110 116 12 317 453
Charitable
activities: stalutoiy fees,
chaplaincy
and other Income		 126 602 728 508
Other trading
activities		 161 108 108 377 424
Investments 226 13 463 30 732 722
Other 330 709 65 1,094 350
Total Income and endowments 8,485 92 4,686 206 13,466 12,852
Expenditure
on:
Raising funds 8 229 10 26 264 185
Charitable
activities		 9 2,901 38 8,262 1,219 12,410 11,338
Other 46 146 193 95
Total Expenditure 10 3,130 36 8,307 1,392 12,867 11,G18
Nst incomo/(expenditure)
Investmonts		 before 5,355 64 (3,621) (1,167) 601 1,234
Nel (loss)/gains
on investments		 18 927 61 37 2,072 3,097 1,044
Net Income/(expenditure)
transfers		 before 6,282 115 (3,664) 585 3,698 2,278
Transfers
between funds		 12 (6,680) 292 3,502 1,786
Net income/(expenditure)
bofors other
recognised
gains and losses		 702 407 (82) 2,671 3,698 2,278
Other recognised
gains/(losses)
Gain/(loss)
on revaluagon		 of fixed assets 18 99 164 253 134
Gain/(loss)
on defined
benefit pension
schemes (22) (22) (38)
Net movement
In funds		 779 407 (82) 2,826 3,929 2,374
Reconcgiatlon
offunds
Total funds at 1 January 2021 0,496 2,626 11,069 47,089 69,260 65,885
Total funds at 31 December 2021 24 9,276 3,033 10,987 49,894 73,189 59,260

for the year ended 31D ecem be r 2021
2021 2020
6000 FOOO
Total income 13,263 12,495
Total expenditure (11,475) (10,819)
Operating
surplus/(deficit)		 for the year 1,788 1,676
Net gains on investments 1,025 322
Net Income for tho yoar 2,813 1,998
Other comprehensive Income:
Net assets transferred to/(from) endowments 1,027 (987)
Actuarial
(losses)/gains		 on delined benefit pension (22) (38)
schemes
Total comprehensive (expenditure)/income 3,818 973

BALANCE S HEET
at 31December 2021
Note 2021 2020
FOOO FOOO EOOO F000
Fixed Assets
Tangible Assets 17 40,271 40,407
Investments 18 24,694 21,584
Investment
Property		 18 1,861 1,837
66,826 63,828
Current assets
Stocks 1 5
Debtors (amounts receivable after more than 19 2,018 1,247
one year: F508,000(2020:E 840,000))
Deposits and Cash at bank and In hand 6,202 6,277
8,221 7,629
Creditors: amounts falling due within one year 20 (900) (701)
Net current assets 71321 6,828
Creditors: amounts falling due after more than 20 (575) (707)
one year
Provisions
for liabilities;		 Pensions and 20 (383) (689)
similar obligations
(958) (1,396)
Net Assets 73,189 69,260
Capital and Reserves
Endowment
funds		 26 49,894 47,069
(Including
Investment		 rsvslue8cn reserve of
E9,252,000(2020.'E7, 106,000))
Restricted
funds		 25 10,987 11,069
(Including
Invsslmenl		 revaluation resenrs ofE52,000
(2020'.E9,000))
Unrestricted
funds		 24 9,276 8,496
(Including
lnvsstmect		 revaluation reserve c(
E4,359,000(2020:E3,432,000))
Designated
funds		 24 3,033 2,626
(Including
investment		 revaluation reserve ofE274,000
(2020:E213,000))
73,189 69,260

for the year ended 3 1Decembe r 202 /
2021 2021 2020 2020
EOOO EOOO EOOO EOOD
Nel income before o//rer recognised ga/ns end losses 601 1,234
{Gains)/Losses
on disposal		 of f/xed assets (957) (309)
(Gains)/Losses
on disposal		 ofInvestments (19) 95
Depreciation 169
Decrease/(increase)
in slock		 4 (I)
(Increaso)/decrease
In debtors		 (752) (79)
(Decrease)/increase
in creditors current		 liabilities 199 132
Movement
In pension
commitment		 (329) (397)
cash (oufgow)r
in//ow
from opera//ng		 ac//vl//es {1,094) 764
Ne/ income fram invss//ng activ/ties
Ptrrchase oftangible
fixed assets		 (2,301) (1,792)
Proceeds ofsale offixed assets 3,334 1,059
Purchase of Investments (12) (12)
Proceeds ofsale of Investmenis 149 1,000
Nel cash /nllow/(oulgow) from invesgng ac//vl//es 1,170 255
Nel cash fnilow/(ou/i/ow) from f/nsnclng ac//v///es
Repayments
ofborrowing		 (132)
Loan repayments
received		 62 56
New loans made (Ot) (323)
Net cash inflow/(outflow)
from financing		 activities (151) (267)
(Decrease)/increaae
in		 cash in the year {76) 752
Cash and cash equivalents at the beginning ofthe year 6,277 5,525
Cash and cash equivalents at the end of the year 6,202 6,277
Analysis
of cash and cash equivalents		 2021 2020
EOOO f000
Cash
In hand and at bank
Short term deposils		 2,542
3,660		 2,666
3,611
6,202 6,277

Report and
e
ear ended		 Report and
e
ear ended		 Financial Stat
31 December		 ements
2021
Depreciation is provided to write off the cost less the estimated
residual		 value of other tangible
fixed assets by equal instalments over their estimated useful economic lives as follows:
Leasehold property 30 years or, ifshorter, the remainder of the
lease term
Diocesan Offices 50 years on property
20 years on remodelling
Whalley Abbey Retreat and Conference House 15 years to a residual value off500,000
Fixtures, fittings and office equipment 4-10years
Heritage asset 15 years

Total Total
Unrestricted fund Restricted Endowment funds funds
General Designated fullds Funds 2021 2020
6000 6000 6000 6000 6000 6000
Lowest Income Communities
Funding 1,366 1,366 1,310
Sustalnab8lty Funding 1,100
Resourclng
Block Grant		 Ministerial Education 212 212 220
Pooling of Ordinsnds costs 25
Strategic Ministry Fund 213 213 46
Strategic Capacity Funding 33 66 66 87
Strategic Development Funding 853 653 445
Past Cases Review 2 Funding 30 30
63 2,698 2,761 3,235
her donations
Total Total
Unrestricted Funds Restricted Endowment funds funds
General Designated Fulsde Funds 2021 2020
6000 6000 6000 6000 6000 6000
Allchurches Trust 78 78 166 147
Donations 19 1 48 69 66
Other Grants 14 68 92 240
110 79 116 12 317 453

Total Total
Unrestricted Funds Rostrlctou Endowment funds funds
General Designated Funds Funds 2021 2020
6000 f000 f000 6000 f000 6000
Statutory fees; chaplaincy Income 606 606 357
Church Commissioners-
Guaranteed
annulges		 1 1 2
Recharge o(staff costs 68 68 53
Whagey Abbey Conference House 57 57 21
Sale of publications 5
Income for training courses 36 36 24
Other fees/sales 33 27 60 46
126 602 726 508
ther trading
activities
Tots I Tots I
Unrestricted fumls Rostrlctod Endowment funds funds
General Doslgnstod Funds Funds 2021 2020
f000 f000 f000 f000 f000 f.000
Rental Income 69 108 107 284 377
WhaOey Abbey Conference House 30 30 7
Accoungng
and Legal services		 10 10 18
Consultancy
services		 36 36 22
Other feos/sales 1
161 100 108 377 424
vestment income
Total Total
Unrestrlrtod funds Rsstrlctod Endowmoni funds funds
General Designated Funds Funds 2021 2020
f000 6000 f000 f000 f000 f000
Dividends receivable 225 13 431 30 699 672
Interest receivable 1 1 2 16
Rents receivable 31 31 34
226 483 30 732 722
her income
Total Total
Unrostrlctod funds Restricted Endowment funds funds
General Designated Fllnds Funds 2021 2020
f000 6000 6000 f000 f000 f000
Gains on disposal offixed assets 326 669 36 1,060 335
Gains on disposal of Inveslmenls 19 19
Loan interest 20 26 15
330 709 1,094 350

st of raising
fund		 s
Total Total
unrestricted funds Rostrlcted Endowment fuIrrls funds
General Oeslgnstsd Funds Funds 2021 2020
f000 f000 f000 f000 f000 FOOO
Project Management 12 12 12
Parish share
Secretarial 12
Archdeacons 6
Bishop's Harvest Appeal
Investmenl
Management		 Costs 3 4
Whagey Abbey Rents 41 41
Rents 6 26 34 43
Fundraising
Trading
Abbey		 Whalley 102 102 70
Fundraising
Trading		 other 63 63 40
229 10 26 264 165

penditure
on charitable		 act iviti es es
Unrostricted funds Restricted Endowment Total funds Total funds
General Designated Funds Fun&le 2021 2020
f000 f000 f000 f000 6000 FOOO
Contributions
to Archbishops		 council
Training
for ministry		 302 302 302
National
Church responsibei0es		 211 211 227
Grants and provisions 26 26 25
Mission Agency pension
conlribueons 13
Retired clergy housing casts
(CHARM)		 109
Pooling of ordinand
candidates
costs		 37 37
General Synod expenses 10 10
710 710 680
Parish ministry
Stlpends
& National
Insurance		 4,665 4,665 4,054
Pension
contributions		 1,346 1,347 1,161
Housing costs 291 1,219 1,eee 936
Removal,
resetllemonl
and other
grants		 232 232 138
Other expenses Te 76 24
45 6,609 1,219 7,074 7,113
Support for parish
ministry		 1,407 10e 1,052 1,710
Whagey Abbey Conference House 192 192 252
Whalley Abbey House Renovation 35
Redundant
churches		 73 73 56
Strategic Development
Funding
Protects		 717 720 318
St PhOip's Centre Protect 36 36 32
Grants to Parishes,
Individuals
and Other Charities		 129 662 700 750
Sale ofPubgcations 0
Miscellaneous
Expenses		 27 20 5
1,009 37 1,643 3,409 3,174
Expenditure
on education
Grants for the work ofthe Board 337 337 371
337 337 371
Charitable
activities		 2,901 30 0,262 1,219 12,410 11,330

Analysis
o		 fexpen diture including allocation of s uppot t costs
Manage.
Activities Grant ment
undertalren funding of Admin Total Total
directly Actlvitfos Support 2021 2020
6000 6000 8000 6000 f000
Fundralslng Trading Whattey Abbey 102 102 70
Cost of raising funds 132 30 162 115
Contributions lo Archbishops' Councg 710 710 680
Resourcing ministry and mission 9,606 766 967 11,363 10,287
Education 337 337 371
Other 193 193 95
10,035 1,835 997 12,867 11,618

Analysis of suppo rt costs
Total Total
unrestricted funds Restricted Eralowment frinds funds
General Designated Ftlrlds Furrds 2021 2020
8000 6000 8000 5000 8000 5000
Raising
Funds		 24 6 30 26
Central Administraiion 769 769 688
Governance costs
Secretarial 71 71 48
Accotrnting and Finance Office 36 38 37
Audit
&accountancy		 fees 23 23 19
Diocesan Synod costs 7 7 9
DBF Execugve and
Counc6 Meetings		 Bishop's 12 12 20
Chancellor and Registrar Fees 67 67 98
991 997 945

Analysis
oftransfers
between
 funds
Unrestricted funds Restricted Endowment Total
General Designated Funds Funds 2021
6000 6000 6000 6000 6000
From general
fund to slipends
income
fund (restricted)
and parsonages
fund
(expendable
endowment),
to cover the
deficits on net expenditure
ofthose
funds		 (6,316) 4,237 1,070
From Pastoral
Fund to Parsonages
Fund —transfer costs ofpersonages
bought		 (714) 714
From Personages
Fund lo Pastoral
Fund —book value ofpersonages
transferred
to the BDBFfor disposal		 by
pastoral schemes
From Stipends
Income Fund to general
fund for HR support cost relating
to lime
spent on clergy HR matters (43)
From Chtrrch Commissioners
Grant
(restricted) and Vision 2026 fund
(designated)
lo general
fund for the
Vision Coordinator
post		 (10)
From general
fund to designated
training
fund for expenditure
on
Diocesan conference
in 2022		 (60)
From Diocesan Vision 2026 Strategic
Development
fund lo general
fund and
Personages
fund to cover loss of
income from houses used for projects 33 (40)
From general
fund lo Parish Vision
Grant and Loan Fund for future
parish
awards (300) 300
From released endowmenl
fund lo
restricted
funds for parish Vision
pro)acts 22 (22)
(6,500) 292 3,602 1,766

Net income for the ye ar
2021 2020
these are stated atter charging: 6000 f000
Fees payable to the auditor for audit services 20 19
Fees payable to the auditor for non audit services 2 1
Whslley Abbey Conference House Trading
Deficit		 164 146

The average
number
of		 stipendiary
clergy		 stipendiary
clergy		 In post dur ing 2021 w as 180 (2020: 176). as 180 (2020: 176). as 180 (2020: 176). as 180 (2020: 176). as 180 (2020: 176).
Although
not employed
charitable
company
and		 by the charilable
are included
in		 company
the financial		 the payroll
statements.		 costs of the above
persons
are met by the
The aggregate
payroll costs of the above
persons are as follows: 2021 2020
f000 f000
Stipend
Redundancy
and settlement
Social security costs		 payments 4,403
9
349		 n, nnz
30
357
Apprenticeship
Levy
Pension costs - current year
-interest costs		 20
1,3II1
1		 21
1,171
9
6,163 6,030
Trustees'
emoluments
Average nwnber ofdirectors
2021 2020
Directors 23 23.6

% of pensionable stipends January 2018to January 2021 to
December 2020 December 2022
Deficit repair contributions 119% 7,1%
2021 2020
6'000 8'000
Balance sheet liability at 1 January 596 1,048
Deficit contribution
paid		 (301) (499)
Interest cost (recognised in SoFA) 1 9
Remaining
change to		 the balance sheet liability* (recognised in SoFA) 22 38
Balance sheet liabilily at 31 December 318 596
"Comprises change in agreed deficit recovery plan and change in discount rate between year-ends.
December December December
2021 2020 2019
Discount rate 0,0% pa 0.2% pa 1.1%pa
Price Inflation n/a 3.1%pa 2,8%pa
increase to total pensionable payroll -1.5%pa 1.6% pa 1.3% pa

Grants to Grants to 2021 2020
Nbr Individuals Institutions Total Total
9000 9000 6000 9000
From Unrestricted
Funds		 for national Church
responsibilities
Contributions
toArchbishops		 Council 5 399 399 372
1'raining 1 302 302 302
General Synod Expenses 12 10 10 6
From Unrestricted
Funds		 to
Grants lo Ordlnsnds 14 123 123 127
Grant to Board of Education 1 337 337 369
Churches
Together
In Lancashire		 1 6 6 6
Together Lancashire 10
From Designated
Funds		 to
Parishes from AOchurches fund 6 14
From Restricted Funds to
Parishes
from Parish Vision		 Grant fund 26 99 99 128
Inter Diocesan Counselling Service 1 6 6 5
Parishes
from Allchurches		 Trust 5
Ordinsnds
from RME fund		 25 18 10 20
Retired Clergy and Clergy Widows 183 50 60 44
Charitiss
nominated
at Bishops Harvest Appeal		 2 22 22 24
Parishes
from Lower Income Communities		 Funding 14 204 204 198
Other Grants to Parishes 4 227 227 177
Other Grants to Clergy snd Ordlnands 1
1'otal Grants Payable 294 202 1,607 1,009 1,008

Tangible
fixecl asse		 ts
Total Fixtures,
Non
Psrsonsgesl		 Freehold
land end		 Long
leasehold		 fittings
snd
office
Personages Land buildings buildings equipment Total
f000 8000 f000 f000 f000 8000
Cost or valuation
Al beginning
ofyear		 26,688 14,518 41,206 316 238 41,760
Additions 714 1,648 2,262 39 2,301
Dispossls (2,377) (2,377) (13) (2,390)
Revaluation 99
impairment (100) (100) (100)
At end ofyear 27,402 13,569 40,991 415 264 41,670
Depreclstton
At beginning
ofyear		 946 946 275 132 1,363
Charge for year 16 16 10 33 69
Disposals 03) (13)
At end ofyear 962 962 285 152 1,399
Net hooti value
At 31 December 2021 27,402 12,627 40,029 130 112 40,271
At31December2020 26,688 13,572 40,260 41 106 40,407

Investment Unlisted
CBF		 Others Total
Properly Investments Investments investments
8000 8000 8000 8000
Al vaiualion
At beginning
ofyear
Additions		 1,837 21,569
12		 15 23,421
12
Disposals
Increase (decreaso)		 in marl&et value (130)
154		 3,096 (130)
3,250
At end ofyear 1,861 24,677 15 26,553
At historic coal 540 10,730 16 11,285

2021 2020
2000 2000
Amounts fatting due within one year
Trade creditors 314 189
Other credilors (laxation snd social security) 61 35
Other credilors 79 260
Accrusls 278 103
Amounls owed to re le ted Parties (BDBE) 170 114
900 701
2021 2020
2000 2000
Amounts falling due after more than one yeer
CCLA loans 418 550
Due to Churches
Conservation		 Trust 167 157
Provisions for liabilities: Pension deficit 383 689
958 1,396

Commitmen ts
at 31 December 2021,for which no prov		 ision has been made
in these accounts,		 were as fo
2021 2020
2000 2000
Authorised, bul nol contracted:
Parish Vision Grant Fund 98 148
Allchurchss Grant
Fund		 66 10
Clergy Housing
Fund		 187 306
340 464

Net assets ana l ysed
by		 fund
Tanglblx Flxad Fixed Asset Net currant Long term Not assats as st
Asxots Invesimmd Assets creduor 31Decemuer
2021
fogg f000 fogo fcoo fgog
General Fund 1,798 7,392 986 (801) 9,275
Designated
Funds		 492 2,541 3,033
Total Unrestricted Funds 1,798 7,884 3,427 (801) 12,308
Psslorsl
Account		 7,267 2,320 (I57) 9,430
Other Restricted Funds 318 1,239 1,557
Total Restricted Funds 7,267 318 3,559 (157) 10,987
Parsonage
Houses		 Fund 27,402 1,187 28,589
Slipends Capital/Housing
Fund		 3,804 12,079 330 16,213
Other Endowment Funds 5,087 5 5,092
Total Endowment Funds 31,208 18,353 335 49,894
Total 40,271 26,655 71321 (968) 73,189

At 31
At 1 January Gains and December
2021 Income Expenditure losses Transfers 2021
fggg fgog fooo foog fogg fgog
General Fund 8,496 8,485 (3,130) 1,004 (5,580) 9,275
At 31
At1 January Gains snd December
2021 Income Expenditure losses Transfers 2021
fgog fggo fogo foog fogo fggo
Designated Funds
Office Assets Fund 411 12 61 484
Personages Fund 324 323
Perish Vision 2026 Grant and
Loan Fund 421 400 822
Diocesan Vision Strategic
Development
Fund		 629 (2) (49) 678
Diocesan Vision 2028 Fund 420 79 (2) (19) 478
Allchurches Trust Grant Fund 298 (33) 265
Other Designated Funds 123 (do) 83
2,626 (38) 292 3,033

Fund Application/purpose
Income for specific purposes Designated
Io provide income Io		 specific purposes
In the		 parish share budget
Olfice Assets Fund Designated
for repairs,		 renovation or for buying a new building in the
future.
Personages Fund For repairs and disabilily
adaptation		 on parsonages in excess ofparish
share budget
Parish Vision 2026 Loan Fund Designated
to provide		 some of the loans to parishes
to		 continue their
mission
projects
Diocesan Vision Slrstegic DevelopmentDesignated
to provide		 match fUnding necessary for Strategic
Fund Development
Funding		 applications
Diocesan Vision 2026 Fund Designated
to contingencies		 for the development ofthe diocesan
vision
Allchurches Trust Grant Fund The fund assists with funding the cost ofdiocesan projects, building
administration
costs, education,
parish mission		 projects and major
building
works,

donations,
grants and		 inve stment
income		 held on trus t to be applied for specific p urposes:
At 31
At 1 January Gains snd December
2021 Income Expenditure losses Transfers 2021
EOOO EOOO EOOO EOOO EOOO EOOO
Diocesan Pssloral Account 9,552 711 (119) (714) 9,430
Diocesan Slipends
Fund
Income Account 1,317 (6,624) 5,307
Social Responsibility
Projects		 134 28 (36) 126
Parish Vision 2026 Grant
Fund 148 26 (99) 23 98
Bishops Clergy Widows
Bishops Ordination
Fund		 Fund 613
164		 76
3		 (50)
(5)		 37 676
152
Resourclng
Ministerial
Education (RME) Fund
Bishop's HaNest Appeal
Bishop's Clergy
In Need		 Fund 89
20
35		 212
23		 (178)
(24)		 123
16
36
SDF Funded Projects 6 912 (944) (26)
Lower Income Communities
Funding
Parish Pastoral
Fund		 166 1,355 (204) (1,115) 36
166
Other Restricted
Funds		 152 28 (26l 164
11,069 3,686 (8,307) 37 3,602 10,987

The B lackburn
 Diocesan Diocesan Diocesan Board of Board of Board of Finance Limited
Annual Reporl and Financial Statements
For the ear ended 31 December 2021
o
Paying secondary Class 1 contributions
in respect of ministers		 not
employed
under a contract ofservice
o
Defray sequestralors'
expenses
Social Responsibility Projecls The Social Responsibility
section received
funding
for specific projects
and for its general costs relating to those projects.
Project fiinding		 was
restricted
to Ihe
project
it had
been
requested
for and
approved
expenditure
is applied
against
the
funding
in accordance
with		 the
funders
rules.
Parish Vision 2026 Grant Fund The Grant Fund exists to enable parishes
to fulfil mission
opporlunities,
normally
through
the appointment
of lay workers.
Bishops Clergy Widows Fund The Bishop's
Clergy Widows
Fund
is used to help clergy widows		 and
retired
clergy
in cases of financial
hardship,
particularly
with
housing
costs.
It funds
the cost of social events
and the cost of the Diocesan
Office and Bishop's visitors.
Bishops Ordination Fund The
Ordination
Fund
is used
to assist
with
meeting
the costs of
Qrdinands
in training.
Bishop's Harvest Appeal Each year the
Bishop selecls a charity
to benefit
from
his Harvest
Appeal.
Parishes,
Schools and
individuals
within
the Diocese collect
money
in supporl
of this charily
and the monies are distributed
by		 the
Diocese in accordance
with the appeal.
Bishop's Clergy Fund The fund was established
by transfer of some ofthe Extra Mission
and
Ministry
funds
received
from the Archbishops'
Council 2008 —2010.
Grants
from the fund
are awarded
at the discretion
of the Bishop, to
serving
clergy in the Diocese.
Resourcing Ministerial Education Specigc funding
for Qrdinands
in training
from National
Chiirch.
(RME) Fund
Strategic Development Fund, Specific funding
for the Outer Estates project and Preston
Resourcing
Funded Projects parish
from National
Church
Lower Income Communities Fund Funding
to
promote
the
growlh
of churches
in
Lower
Income
Communities
Parish Pastoral Fund This fund reflects monies
ring fenced from the sale of a vicarage		 in a
parish
where
no scheme
for pastoral
re-organisation
is currently		 in
place. The monies
must be held until either a vicarage
is purchased,		 or
a scheme is put in place.

At 31
At1 January Gains and December
2021 Income Expenditure losses Transfers 2021
Eooo FOOO FOOO FOOO EOOO EOOO
Expendable endowment
Diocesan Slipends
Account		 Fund Capital 14,869 55 (148) 1,437 16,213
Parsonage Houses Fund 27,725 150 (1,244) 149 1,809 26,589
42,594 205 (1,392) 1,586 1,609 44,802
Permanent endowment
Bishops Clergy Widows Fund 2,241 321 2562
Maintenance ofthe Ministry 311 45 356
General purposes 387 55 443
Whsgey Abbey 170 24 194
Giber endowments 102 15 (23) 94
Slipends 1,264 180 1,443
4,475 640 (23) 6,092
47,069 205 (1,499) 2,226 1,786 49,894

heologica l Coll ege. Sh ared and staff time ex pendiiure
has		 been recharg ed
at cost.
2021 2021 2020 2020
Rschargss Grants Recharges Grsnls
(excl. VAT) made to (excL VAT) made to
related related
parties parties
f f f f
Blackburn Diocesan Board of Education 15,953 336,914 15,474 371,045
Gidari Education Ltd 9,887 9,836
Blsckburn Cathedral 24,670 14,464
Emmanuel Theological College (fcrma8y the All 26,292 43,334
Saints Centre for Mission and Ministry)
t the year end the ba lances due from relat ed
parties wer		 e as follows:
Outstanding Outstanding Outstanding Outstanding
Trade Loan Trade Loan
Balances at Balances at Balances st Balances at
31/12/2021 31/12/2021 31/12/2020 31/12/2020
f f f f
Cldari Educagcn Ltd 17,046 16,865
Blackburn Cathedral 17,857 746,791 9,864 725,854
Emmsnuel Theological College (formally A8 70 10,000 10,000
Saints Centre)

Financi al
instruments
2021 2020
6000 fooo
Flnandal assets measured at fair value 26,663 23,421
Financial assets measured al amorgsed
cost		 6,220 7,524
Financial liabilities measured at amohised cost 1,701 1,940
Financial liabilities measured at fair value 167 157
Financial assets measured at fair value comprise
inveslmenls.
Financial assets
measured		 at amortlsed cost comprise cash, trade debtors,
other debtors and receivables and parish loans.
Financial 6ab6itles
measurod		 at
amortised		 cost comprise accruals, other
creditors, Ihe Clergy Pension Scheme liability and amounts held for other bodies,
Financial liabilities measured at fair value comprise value linked loans.

summ arised
below a		 t mark et value:
2021 2020
6000 fooo
0BF Church of England Deposit fund 4,611 6,120
CBF Church of England Investmenl
fund		 12,034 10,739
CBF Church of England Fixed Interest fund 336 384
CBF Church of England Properly fund 70 61
Other 44 44
Cash at bank 2 6
Total assets held as custodian trustee 17,297 16,353

Prior year comparativ e
S		 tatement
of Fi		 nancial
Activ		 ities
Total
Unrestricted funds funds
Restricted Endowment
Goneral Designated funds funds 2020
EOOQ EOQO EQQO EOQQ 6000
Income and endowments from;
Donations
and legacies
Parish contribulions 7,160 7,160
Archbishops'
Council
commissioners		 and Church 1,155 2,080 3,235
Other 105 152 169 27 463
Charitable
acliviliosr
statutory
chaplaincy
and other income		 fees, 75 433 508
Other trading
acgvilies		 143 141 140 424
Investments 226 12 455 29 722
Other 6 1 182 161 350
Total Income and endowments 8,870 165 3,4160 357 12 852
Expenditure
on:
Raising funds 146 12 28 185
Charitable
activities		 3,039 65 7 558 676
95		 11,338
95
Other
3 184 65 7 570 799 11618
Total Expenditure
Nel income/(expenditure) before investments 5,686 100 (4,110) (4142) 1,234
309 27 (114 722 1 044
Net (loss)/gains
on Inveslmenls
Net Income/(expenditure) before transfers 5,996 127 (4,124) 280 2 278
Transfers
belweon
funds		 (4,670) (45) 3,727 988
Nel Income/(expenditure)
before other
recognised
gains and losses		 1,325 82 (397) 1,268 2,278
Other recognised
gains/(losses)
Gain/(loss)
on revaluation
offixed assets		 134 134
Gain/(loss)
on defined benefit		 pension
schemes (38) (38)
Net movement
in funds		 1,287 82 (397) 1,402 2,374
Reconcglation
offunds
Total funds al 1 January		 2020 7,209 2,544 11,466 45,667 66,886
Total funds at 31 December 2020 8,4196 2,626 11,069 47,069 69,260

Total
Unreslricled fund Reslricled Endowntent funds
Generai Designated funds Frrnrls 2020
EOOO EOOO EOOO EOOO EOOO
Lowest Income Communities Funding 1,310 1,310
Sustalnabllily
Funding		 1,100 1,100
Resourclng
Minislerial
Grant		 Educagon Block 220 220
Pooling of Ordinands costs 25 28
Strategic Ministry
Fund		 48 46
Strategic Capacity
Funding		 30 57 87
Strategic Development Funding 445 445
1,155 2,080 3,235

ior year compar ative Other don atio ns
Total
Unrestricted Funds Reslricled Endowment funds
General Designated Funds Funds 2020
EOOO EOOO EOOO EOOO EOOO
Agchurches Trusl 147 147
Donations 56 66
Other Grants 100 113 27 740
105 152 169 27 463
ior year comparative Charitable activities
Total
Unrestricted Funds Restricted Endowment funds
General Designated Funds Furrrls 2020
EOOO EOOO EOOO EOOO EOOO
Statutory fees; chaplaincy Income 357 357
Church Commissioners -Guaranteed
annuities 2
Reoharge ofstaffcosts 53 53
Whalley Abbey Conference House 21 21
Sale of publications 5
Income for training courses 21 3 24
Giber fees/sales 28 18
433 608
ior year comparative Other trading activities
Total
Umsslrlclsd funds Restricted Endowment funds
Goneral Designated Funds Funds 2020
EOOO EOOO EOOO EOOO EOOO
Rental Income 96 141 140 377
Whagey Abbey Conference House 7 7
Accounting and Legal services 16 16
Consultancy services 22 22
143 141 140 424

ior year comparative
Inve		 stment
Income
Unreslrloted funds Restricted Endowment Total funds
General Designated Funds Funds 2020
EOOO EOOO EOOO EOOO EOOO
Dividends receivable 217 414 29 672
Inlerest recolvable 7 16
Rents receivable 34 34
226 12 455 29 722

or y ear compa rative
Other inco		 me
Unrestricted funds Restricted Endowment Total funds
General Designated Furtrts Funds 2020
EOOO EOOO EOOO EOOO FOOO
Gains on disposal offixed assels 174 1st 335
Gains on disposal of lnvcstmenls
Loan interest 15
162 161 350

or year c ompa rat ive C ost of rais ing
funds
Total
Unrestricted funds Restricted Endowment funds
General Designated Funds Fullrl s 2020
EOOO EOOO EOOO EOOO EOOO
Pro]ect Management 12 12
Parish share
Secretariat 8
Archdeacons 6
Bishop's Harvest Appeal
Investment Management Costs 4 5
Rents 11 26 43
l=undrelsing Trading Vyhalley Abbey 70 70
Fundrelslng Trading other 40 40
145 12 26 186

r year comparative
 Ex pen diture
on		 charitable activities
Unrestricted funds Restricted Endowment Total funds
General Designated Funds Funds 2020
fccc fccc fccc fccc fccc
Contributions
to Archbishops'		 Council
Training
for ministry		 302 302
National
Church
responsibgities		 227 227
Grants and provisions 25 25
Mission Agency pension contributions 11 11
Retired clergy housing costs
(CHARM)		 109 109
Pooling ofordinand
candidates		 costs
General Synod expenses
680 680
Parish ministry
Stipends
& National
insurance		 4,654 4,854
Pension
contributions		 9 1,162 1,161
Housing costs 59 198 676 936
Removal,
reselllemenl
and		 other
grants 138 136
Other expenses 24 24
68 6,366 676 7,113
Support for ministry
Suppod for parish ministry 1,519 189 1,710
Whalley Abbey Conference House 252 252
Whalley Abbey House Renovation 35 35
Redundant
churches		 56 56
Strategic Development
Fund		 Projects 45 273 318
St Phlgp's
Centre Project		 32 32
Grants to Parishes,
individuals		 and
other charities 143 15 600 758
Sale of Pubgcalions 8 8
Miscellaneous
Expenses		 5
1,922 62 1,190 3,174
Expenditure
on education
Grants for the work ofthe Board 389 371
369 371
Charitable
activities		 3,039 65 7,858 676 11,336

rior year compara tive A nalysis ofexpendi ture including allocat ion
of		 support costs
Manage-
Activities Grant meltt
undertaken funding of Admin Total
directly Activities Support 2020
2000 8000 8000 8000
Fundraising Trading Whallay Abbey 70 70
Cost of raising funds 89 115
Contributions
to Archbishops'		 Council 680 680
Resourcing ministry and mission 8,611 757 919 10,287
Education 371 371
Other 95 95
8,865 1,808 945 11,618
rior year comparative Analysis ofsupport costs
Unroslricied funds Restricted Endowment Total funds
General Designated Funds Funds 2020
f000 f000 8000 8000 8000
Raising Funds 20 6 26
Central Administration 490 190 688
Governance costs
Secretarial 48 48
Accounting and Finance Office 37 37
Audit 8 accountancy fees 19 19
Diocesan Synod costs 9 g
DBF Executive and Bishop' s
Council Meetings 20 20
Chancellor and Registrar Fees 98 98
741 190 945

rior year com p arative
 Net assets analy sed
by fund
Tangible Fixed Fixed Asset Nst Current Long torm Net assets as at
Assets Investment Assets Creditor 31 December
aeae
2000 8000 8000 8000 8000
General
Fund		 2,350 6,365 088 (1,107) 8,496
Designated
Funds		 618 2,108 2,626
Total Unrestricted Funds 2,350 6,883 2,996 (1,107) 11,122
Pastoral
Account		 0,748 1,093 (289) 9,662
Other Restricted Funds 258 1,259 1,517
Total Restricted Funds 8,748 268 2,352 (289) 11,069
Parsonage
Houses Fund		 26,688 1,037 27,725
Stipe nds Capital I
Fund		 Housing 2,621 10,773 1,475 14,869
Other Endowment Funds 4,470 5 4,476
Total Endowment Funds 29,309 16,280 1,480 47,069
Total 40,407 23,421 8,828 (1,396) 69,260

Prior year comparat ive Unrestricted
fund		 s
At 31
At 1 January
2020		 Income Expenditure Gains and
losses		 Transfers December
2020
LOOO 5000 5000 LOOO 5000 f000
General Fund 7,209 8,870 (3,184) 271 (4,670) 0,496
At 31
At1 January Gains and December
2020 Income Expenditure losses Transfers 2020
5000 5000 5000 8000 f000 f000
Designated
Funds
06ice Assets Fund 367 12 27 411
Personages
Fund		 327 (3) 324
Parish Vision 2026 Fund 420 421
Diocesan Vision Strategic
Development
Fund		 690 (61) 629
Diocesan Vision 2026 Fund 396 79 (48) (9) 420
Allchurches
Trust Grant		 Fund 241 73 (16) 298
Other Designated
Funds		 103 20 123
2,544 165 (65) 27 (45) 2,6?6
Prior year comparative Restricted
funds
At 31
At1 January Gains and December
2020 Income Expenditure losses Transfers 2020
f000 5000 5000 5000 LOOO 5000
Diocesan Pastoral Account 9,812 187 (112) (335) 9552
Diocesan Stlpends
Fund
Income Account		 989 (6,362) 6,373
Social Responsibility
Protects		 146 20 (32) 134
Parish Vision 2026 Grant
Fund 250 26 (128) 146
Bishops Clergy Widows
Bishops Ordlne6on
Fund		 Fund 599
150		 73
5		 (45)
(I)		 (14) 613
154
Resourcing
Ministerial
Education
(RME) Fund		 41 220 (172) 89
Bishop's Harvest Appeal
Bishop's Clergy
in Need
SDF Funded Projeds		 Fund 21
35
(66)		 23
545		 (24)
(444)		 (29) 20
35
6
Lower Income Communities
Funding
Parish Pastoral Fund		 316 1,310 (198) (1,112)
(160)		 166
Other Reslricted Funds 162 62 (52) (20) 152
11,466 3,460 (7,570) (14) 3,727 11,089

At 31
At 1 January Gains end December
2020 Income Expenditure losses Transfers 2020
f000 f000 f000 f000 f000 f000
Expendable endowment
Diocesan stipends
Account		 Fund Capital 14,493 161 (100) 522 (207) 14,869
Parsonage Houses Fund 26,966 196 (699) 67 1,195 27,725
41,459 357 (799) 589 988 42,594
Permanent erldowment
afshops
Clergy Widows Fund
Maintenance
ot Ihe Ministry		 2,097
291		 144
20		 2,241
311
General purposes 362 25 387
Whstley Abbey 159 11 170
Other endowments 95 7 102
stipends 1,204 60 1,264
4,208 267 4,475
45,667 357 (799) 856 988 47,069